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AVY - Avery Dennison Corporation

NYSE -> Industrials -> Business Equipment & Supplies
Glendale, United States
Type: Equity

AVY price evolution
AVY
(in millions $) 30 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $215 $209.9 $217.1 $351.3
Short term investments
Net receivables $1414.9 $1426.2 $1415.2 $1369.1
Inventory $920.7 $936.1 $990.5 $1050.6
Total current assets $2796 $2814.3 $2851 $2989.2
Long term investments
Property, plant & equipment $1625.8 $1555.2 $1567 $1565.6
Goodwill & intangible assets $2862.7 $2836.6 $2868.9 $2720.6
Total noncurrent assets $5413.8 $5318.8 $5415.3 $5233.1
Total investments
Total assets $8209.8 $8133.1 $8266.3 $8222.3
Current liabilities
Accounts payable $1277.1 $1265.3 $1234.8 $1236.2
Deferred revenue
Short long term debt $622.2 $716 $635.8 $648.3
Total current liabilities $2699.5 $2744.3 $2608.7 $2643.7
Long term debt $2622.1 $2597.6 $2909.7 $2910.8
Total noncurrent liabilities $3382.4 $3325.2 $3642.4 $3535.7
Total debt $3244.3 $3313.6 $3545.5 $3559.1
Total liabilities $6081.9 $6069.5 $6251.1 $6179.4
Shareholders' equity
Retained earnings $4691.8 $4608.2 $4526.9 $4486.4
Other shareholder equity -$408.1 -$402.6 -$393.2 -$361
Total shareholder equity $2127.9 $2063.6 $2015.2 $2042.9
(in millions $) 30 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $215 $167.2 $162.7 $252.3
Short term investments $32.6
Net receivables $1414.9 $1374.4 $1424.5 $1235.2
Inventory $920.7 $1009.9 $907.2 $717.2
Total current assets $2796 $2782 $2734.6 $2416.2
Long term investments $5.3
Property, plant & equipment $1625.8 $1540.2 $1477.7 $1343.7
Goodwill & intangible assets $2862.7 $2702.7 $2792.9 $1361.3
Total noncurrent assets $5413.8 $5168.5 $5237 $3667.7
Total investments
Total assets $8209.8 $7950.5 $7971.6 $6083.9
Current liabilities
Accounts payable $1277.1 $1339.3 $1298.8 $1050.9
Deferred revenue
Short long term debt $622.2 $598.6 $318.8 $64.7
Total current liabilities $2699.5 $2799.8 $2547.9 $1926
Long term debt $2622.1 $2503.5 $2785.9 $2052.1
Total noncurrent liabilities $3382.4 $3118.5 $3499.3 $2673
Total debt $3244.3 $3102.1 $3104.7 $2116.8
Total liabilities $6081.9 $5918.3 $6047.2 $4599
Shareholders' equity
Retained earnings $4691.8 $4414.6 $3880.7 $3349.3
Other shareholder equity -$408.1 -$364 -$282.9 -$349.6
Total shareholder equity $2127.9 $2032.2 $1924.4 $1484.9
(in millions $) 30 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $2110.5 $2098.3 $2090.5 $2065
Cost of revenue $1512.5 $1537.1 $1522.7
Gross Profit $596 $585.8 $553.4 $542.3
Operating activities
Research & development
Selling, general & administrative $332.6 $319.6 $334.4
Total operating expenses $334.9 $332.6 $319.6 $334.4
Operating income $253.2 $233.8 $207.9
Income from continuing operations
EBIT $215.6 $172.1 $194.7
Income tax expense $58.5 $46.3 $39.8 $47.1
Interest expense -$31.2 $31 $31.9 $26.4
Net income
Net income $143.1 $138.3 $100.4 $121.2
Income (for common shares) $138.3 $100.4 $121.2
(in millions $) 30 Jan 2024 31 Dec 2022 1 Feb 2022 31 Dec 2020
Revenue
Total revenue $8364.3 $9039.3 $6971.5
Cost of revenue $6635.1 $5048.2
Gross Profit $2277.5 $2404.2 $1923.3
Operating activities
Research & development
Selling, general & administrative $1330.8 $1060.5
Total operating expenses $1313.7 $1330.8 $1060.5
Operating income $1073.4 $862.8
Income from continuing operations
EBIT $1083.4 $803.6
Income tax expense $191.7 $242.2 $177.7
Interest expense -$120.5 $84.1 $70
Net income
Net income $503 $757.1 $555.9
Income (for common shares) $757.1 $555.9
(in millions $) 30 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $138.3 $100.4 $121.2
Operating activities
Depreciation $75.1 $74 $72.3
Business acquisitions & disposals -$9.6 -$150.6 -$43.5
Stock-based compensation $5.2 $1.7 $10.5
Total cash flows from operations $322.6 $189.6 $1.9
Investing activities
Capital expenditures -$61 -$57 -$69.6
Investments $48.3 $2.3 -$3.5
Total cash flows from investing -$459 -$22.3 -$205.3 -$116.6
Financing activities
Dividends paid -$256.7 -$65.3 -$65.4 -$60.8
Sale and purchase of stock -$27.6 -$38.8 -$50.7
Net borrowings -$212.8 -$12.3 $436.4
Total cash flows from financing -$317.2 -$305.8 -$116.7 $299.8
Effect of exchange rate -$2 -$1.7 -$1.8 -$1
Change in cash and equivalents $47.8 -$7.2 -$134.2 $184.1
(in millions $) 30 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $757.1 $740.1 $555.9
Operating activities
Depreciation $290.7 $244.1 $205.3
Business acquisitions & disposals -$38.4 -$1470 -$350.4
Stock-based compensation $47.4 $37.2 $24
Total cash flows from operations $961 $1046.8 $751.3
Investing activities
Capital expenditures -$296.2 -$271 -$209.4
Investments $1.9 $3.1 $5.6
Total cash flows from investing -$459 -$332.7 -$1737.9 -$554.2
Financing activities
Dividends paid -$256.7 -$238.9 -$220.6 -$196.8
Sale and purchase of stock -$379.5 -$180.9 -$104.3
Net borrowings $28.3 $1037.5 $113.1
Total cash flows from financing -$317.2 -$615.2 $604.3 -$207.7
Effect of exchange rate -$2 -$8.6 -$2.8 $9.2
Change in cash and equivalents $47.8 $4.5 -$89.6 -$1.4
Fundamentals
Market cap $18.06B
Enterprise value $21.09B
Shares outstanding 80.53M
Revenue $8.36B
EBITDA N/A
EBIT N/A
Net Income $503.00M
Revenue Q/Q 4.18%
Revenue Y/Y N/A
P/E ratio 35.90
EV/Sales 2.52
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 2.16
P/B ratio 7.12
Book/Share 31.49
Cash/Share 2.67
EPS $6.25
ROA 6.13%
ROE 24.39%
Debt/Equity 2.86
Net debt/EBITDA N/A
Current ratio 1.04
Quick ratio 0.69